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      Question

      If any person indulges in fraudulent and unfair trade

      practices relating to securities, he shall be liable to a penalty which shall
      A not be less than five lakh rupees but which may extend to twenty-five crore rupees or three times the amount of profits made out of such practices, whichever is higher Correct Answer Incorrect Answer
      B not be less than ten lakh rupees but which may extend to twenty-five crore rupees or three times the amount of profits made out of such practices, whichever is higher Correct Answer Incorrect Answer
      C not be less than five lakh rupees but which may extend to twenty-five crore rupees or three times the amount of profits made out of such practices, whichever is lower Correct Answer Incorrect Answer
      D not be less than ten lakh rupees but which may extend to twenty-five crore rupees or five times the amount of profits made out of such practices, whichever is higher Correct Answer Incorrect Answer
      E not be less than five lakh rupees but which may extend to twenty-five crore rupees or five times the amount of profits made out of such practices, whichever is higher Correct Answer Incorrect Answer

      Solution

      Section 15HA of SEBI Act - Penalty for fraudulent and unfair trade practices.—If any person indulges in fraudulent and unfair trade practices relating to securities, he shall be liable to a penalty which shall not be less than five lakh rupees but which may extend to twenty-five crore rupees or three times the amount of profits made out of such practices, whichever is higher

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